A glossary of microeconomics terms abundance a physical or economic condition where the quantity available of a resource exceeds the quantity desired in the absence of a rationing system. Glossary of economic terms united for a fair economy. To read a definition scroll your cursor over a term or click on the term. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is not ed. This glossary of industrial organisation economics and competition law has been.
This is the simplest yardstick of economic performance. Glossary of economic terms these pages bring together a comprehensive list of economic terms related to and used within ons releases. Thank you to the international economic development council iedc for contributing the majority of these definitions. Automatic stabilisers under certain spending and tax rules, expenditures that automatically increase or taxes that automatically. Assessment objectives this economics specification requires candidates to. Merger definition oecd glossary of statistical terms. A vertical merger should be contrasted with horizontal merger two. A glossary of microeconomics terms digital economist. Glossary of important business, economic, and financial history terms by robert e. There are strange words, like oligopsony, and words that are familiar but have different meanings to economists, like elasticity.
Aggregate monetary resources broad money without time deposits of post office savings organisation m3. Glossary of key terms in evaluation and results based. Join our telegram channel if you are new to upsc field, we recommend you to know about upsc prelims. In a sense, every university class is a foreign language class. Glossary of business terms a to z handy definitions of financial and economic jargon from libor and quantitave easing to black swans and dead cat bounces tue 26 nov 20 18. The core of the glossary has been built around the technical terms used in current world health organization who and other international literature on reform of health service finance and economics. Poverty defined with respect to an absolute material standard of living. Assets things that have earning power or some other value to their owner. Aflcio member unions sometimes called the federation or the labor federation have around 14 million members. An example of a vertical merger would be a soft drink company merging with a sugar company to form a single firm. The glossary also includes broader economic concepts relevant to health economics and the economics.
An indicie that takes into account socio economic indicators. Disclaimer this information is disseminated under the sponsorship of the u. To excel in ib economics, students need to have a good understanding of economics terminology. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. Important economic terms and concepts are explained and their definitions are provided in this post. Many major unions belong to the aflcio, including the ufcw. Apply knowledge and understanding using appropriate terms, concepts, theories and methods effectively to address. Create custom, printable flashcards appropriate for your grade level. The page below contains most of the key terms from an introductory economics course. This glossary of industrial organisation economics and competition law has been commissioned by the directorate for financial, fiscal and enterprise affairs in the framework of the centres work programme, to assist officials. Glossary of business terms a to z business the guardian. Glossary of common terms cost demographic cost in accounting, the actual price of somethingfor example, the cost of college would be the money for tuition, room, and board required to attend college.
Glossary adam smith 1723 1790 regarded as the father of modern economics. A merger can enable a firm to increase in size and gain from many of these factors. Pdf on jan 1, 2001, coskun can aktan and others published glossary of economics terms find, read and cite all the research you need on researchgate. Glossary of economic terms optimal economics march 2015 optimal economics ltd 1 st colme. Circular flow the circular flow of income is a diagrammatic representation of economic activity in a given time period. The glossary also includes broader economic concepts relevant to health. An asset anything of value owned by an individual, institution or economic agent. These concepts are very helpful for candidates preparing for upsc civil services, ssc, ibps, appsc, tspsc, group 1, group 2, group 3, ssc, ibps, rrb, rbi and other competitive exams.
A merger is an agreement that unites two existing companies into one new company. Oecd glossary of statistical terms horizontal merger. Concentration definition oecd glossary of statistical terms. Microsoft word glossary of terms a free document from. When using merge words in a document or in an avimark notes window, include the less than symbols, before and after the word as shown below. Please utilize them for building your knowledge and dont make them commercial. List of merge words 2 merge words by typing merge words in the text of virtually any correspondence, avimark will insert the correct information, at that position in the text. Demonstrate knowledge and understanding of the specified subject content. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. Australianew zealand closer economic relations trade agreement autarkic. Budget surplus this financial situation occurs if a government plans to spend more than it forecasts to.
A merger is a method by which firms can increase their size and expand into existing or new economic activities and markets. Glossary of labor terms united food and commercial workers. If one person, firm or country can produce more of something with the same amount of effort and resources, they have an absolute advantage. Like most programs, microsoft word has certain terms and phrases that are specific to it. This glossary of economics is a list of definitions of terms and concepts used in economics, its subdisciplines, and related fields. Fixed assets also known as longterm assets are things that have a useful life of more than one year, for example buildings and machinery. Glossary of most common customs terms a form see demand note ad valorem a term from latin means according to value. However, in a vertical merger, there could still be financial and riskbearing economies. There are several types of mergers and also several reasons why companies complete mergers. Created by a merger between the afl american federation of labor and the cio congress of industrial organization in 1955. Deficit term used to describe the amount by which government spending in a period e. Pros and cons of mergers november 30, 2019 july 22, 2019 by tejvan pettinger a merger involves two firms combining to form one larger company. The present glossary of key terms and concepts in international.
The consolidation under a single ownership of two separatelyowned businesses that have an inputoutput relationship, in which the output of one firm is the input of another. The selection of terms and their definitions in the attached glossary have been carefully discussed and analysed and. Complete economics dictionary to earn in tax revenues over the financial year. The negative impact of an economic transaction on a party who is not directly involved in the transaction. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. A glossary of macroeconomics terms the accelerator a parameter that defines the relationship between national income and required capital stock.
Budget set different bundles of goods and services that are attainable to the consumer at given market prices and the consumers fixed level of income. United nations department of economic and social development. Handy definitions of financial and economic jargon from libor and quantitave easing to black swans and dead cat bounces. Econometrics is the application of statistical methods to observed data for the purposes of empirical research, forecasting or testing of economic theory. A term referring to the refund of previously paid prop erty taxes due to the overvaluation of property. Aggregate concentration which measures the relative position of large enterprises in the economy. It identifies the main sectors in the economy households, firms the government and overseas and linkages between sectors e. An improvement in per share metrics posttransaction after issuing additional shares. Definition of vertical merger, definition at economic glossary. The basis of accounting under which revenues are re corded when earned and expenditures are recorded as soon as they. A horizontal merger is a merger between firms that produce and sell the same products, i.
Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. Glossary of economic terms administrative regulations. A glossary of macroeconomics terms digital economist. This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals. As such, they provide a valuable resource to aid users understanding and interpretation of important statistics on the economy. For example, manufacturing that causes air pollution has costs for the whole population. In this page, we created a glossary of ib economics terms to help students search for economics definitions in just a few clicks. Learn vocabulary, terms, and more with flashcards, games, and other study tools. These terms are taken from cfis advanced financial modeling course on mergers and acquisitions modeling.
An actual budget deficit occurs if actual public spending exceeds actual tax revenues. An economic system in which decisions about what goods and services are produced, how. Glossary of international economics um personal world wide web. In economic terms, cost also includes opportunity cost, the cost of what was given up for example, college cost might include unearned. Department of transportation in the interest of information exchange. Bilingual glossaries on economics and finance spanishenglish glossary of financial terms. Browse our glossary of economics and personal finance terms. Mergers and acquisitions and development new york and geneva.